USAFLMiami Beach531 16Th St
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New
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$1,700,000

For Sale

2 hours ago

531 16 Th St, Miami Beach, FL

MLS® A11975379

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1947
MLS® Number A11975379

Property Address: 531 16th St, MIAMI BEACH, FL, 33139-7773

Average square foot calculated using Size range provided by listing agent.

Description

Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
MLS® NumberA11975379
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1947
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building Only

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 17, 2026List Date
$1,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
531 16 Th St, MIAMI BEACH, FL

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